Tag: warner music
Major labels gave evidence to the UK’s music streaming economics inquiry… so what did we learn?
It's actually pretty rare to get genuine smoking-gun 'gotchas' from political inquiries in the moment. When they work well, it's more about patient, forensic questioning that elicits genuinely enlightening answers – and...
January 19, 2021
WMG strikes deal with Punjabi music firm Sky Digital India
As India’s music streaming market grows, so the western major labels continue to seek out partners to grow their foothold there. The latest example is Warner Music Group’s new distribution agreement with Sky Digital India,...
January 18, 2021
Roblox raises $520m funding round from investors including WMG
Gaming platform Roblox was all set to go public in late 2020, before putting off its IPO until this year to give more time to decide how to price it. Now the company has sprung a surprise with a new funding round of $520m –...
January 7, 2021
TikTok’s latest licensing deal is with Warner Music Group
Amid continued uncertainty about a future sale, spin-off or shutdown in the US (or, indeed, none of the above), TikTok’s music licensing work continues. Just before Christmas the company signed a new agreement with...
January 5, 2021
WMG boss hopes Spotify rivals will also test price rises
Warner Music Group chief Steve Cooper has welcomed Spotify’s tests of higher-priced subscriptions, and hopes that it might persuade rivals to follow suit. “We do think this is good news that Spotify is beginning...
November 24, 2020
Tidal adds millions of WMG hi-res tracks using MQA technology
Tidal is swelling its catalogue of hi-res music, announcing yesterday that "millions" of Warner Music tracks in the MQA format have been added to its HiFi tier. Tidal also announced that "since 2019, MQA users have doubled...
November 13, 2020
Audiomack’s new WMG licensing deal includes Africa
Streaming service Audiomack has a new deal with Warner Music Group, which for the first time includes Africa, Canada and Jamaica. It's the first of those that's most interesting, coming just a week after Audiomack announced...
November 11, 2020
WMG’s international boss Stu Bergen is stepping down
Warner Music Group's CEO of international and global commercial services, Stu Bergen, has announced that he is stepping down at the end of January 2021. "In the meantime, I'll give my all to a smooth and seamless transition,...
November 10, 2020
WMG leads funding round for 3D worlds startup Anything World
We had a line about a startup called Anything World in a bulletin earlier this month, intrigued by its plans to let people "create 3D worlds with your voice". Today, the UK-based company is revealing that WMG was the...
October 28, 2020
WMG set for $338m acquisitions (and possibly revenue decline)
It was a busy day for Warner Music Group yesterday, with several interrelated announcements. First, there was news of the company raising $250m of new funding through a 'senior secured notes offering' to be spend to "fund...
October 20, 2020
Warner Music’s ADA expands its business to Japan
WMG's distribution division ADA is expanding again: this time to the world's second largest recorded music market. ADA is opening up in Japan just a month after launching its ADA Asia arm in Singapore, while in July the...
October 19, 2020
Soundtrack Your Brand renews WMG deal, launches on-demand tier
B2B streaming service Soundtrack Your Brand has renewed its licensing deal with Warner Music Group, a couple of months after striking an agreement with Universal Music Group. In WMG’s case, it’s a renewal of the deal...
October 13, 2020